202102 Mar
Bentley Systems Announces Fourth Quarter and Full Year 2020 Results, and its 2021 Financial Outlook
Type
General News
Source
Businesswire
Summary

Our overall application usage and new business generation essentially rebounded by year end to pre-pandemic levels, and our growth in ARR and especially recurring revenues underscore our long-term momentum and predictability. The commercial / facilities and industrial / resources sectors remain weaker, but on balance we believe we are well positioned, by our diversification and market-leading emphasis on public works / utilities, for 2021’s broadly anticipated infrastructure investment resurgence,” said Greg Bentley, CEO. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Such unavailable information, which could have a significant impact on the Company’s GAAP financial results, may include stock-based compensation charges, depreciation and amortization of capitalized software costs and of acquired intangible assets, realignment expenses, and other items.

Classifications
  • Engineering
  • Engineering & Scientific
  • Computer Aided Design (CAD)
  • Geographic Information systems
  • Collaboration & Communication
  • HealthTech
  • VideoConferencing
  • Virtualization & Network Resources
  • Networking
  • Facilities Management